Republicans are increasingly using banks and “woke” companies as cudgels for their base voters.
Some of the largest climate-focused ETFs have seen steady outflows this year.
Strive Asset Management seeks to counter the influence of investing giants like BlackRock.
Billionaire investor Carl Icahn criticized asset managers for “subjectively selecting” which issues are important.
The agency plans to require businesses to outline the risks a warming planet poses to their operations.
The warning comes as Russia's invasion of Ukraine exposes some of the dubious choices made by SG money managers.
Morningstar estimates that 14% of sustainable funds globally held Russian assets right before the war.
A forensic analysis of the industry resulted in the ESG tag being removed from more than 1,200 funds.
Stronger regulations are needed to clamp down on so-called greenwashing, Jerome Dodson said.
SSGA's previous applied the policy only to companies that are included in major indexes.
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